David Rosenthal: belief

Transcript context

…Yep. Bear cases. The biggest one that I just keep hearing is that it is more of a parade than a race. I mean, like NASCAR, you have aggressive overtaking lap after lap. It's just constantly exciting. And F1 is this beautiful competition, but so much of it is strategy, engineering, stuff that happens in qualifying, conserving resources, pitting at the right time. It takes away from the natural observability of the sport. And so the bear case is that despite everything they'll try to do in regulations to make it more competitive, these are really big cars because of safety that it's just hard to pass. And you're really incentivized to conserve fuel, not burn your tires when you don't need to, et cetera, et cetera, which puts a natural ceiling on the amount of fervor around it. Yep. One thing that I think you could have argued a couple of years ago was a bear case, but I think has been put to rest is this was a COVID-driven fad. I think F1 has proven enough staying power post-COVID. That's true. I probably would have bet that actually it was a COVID fad in the US one or two years after "Drive to Survive," which would have been wrong.…

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